The stock of Metallic Minerals Corp (CVE:MMG) reached all time low today, Nov, 30 and still has $0.33 target or 7.00% below today’s $0.36 share price. This indicates more downside for the $13.25M company. This technical setup was reported by Barchart.com. If the $0.33 PT is reached, the company will be worth $927,500 less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 83,000 shares traded hands or 214.78% up from the average. Metallic Minerals Corp (CVE:MMG) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.
More news for Metallic Minerals Corp (CVE:MMG) were recently published by: Reuters.com, which released: “BRIEF-Metallic Minerals Corp. appoints Tim Thiessen as CFO” on September 28, 2016. Marketwired.com‘s article titled: “Metallic Minerals Corp. Closes C$1.125 Million Flow-Through Private Placement …” and published on November 01, 2016 is yet another important article.
Metallic Minerals Corp, formerly Monster Mining Corp, is a Canada mineral exploration company. The company has a market cap of $13.25 million. The Firm is focused on the exploration of silver and gold projects in Canada’s Yukon Territory. It currently has negative earnings. The Firm controls over 66 square kilometers in the Keno Hill Silver District, which produces over 200 million ounces of high-grade silver.
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